Economy Hurting New Veterans

[dollardaze]

We're all having some problems due to the economy. Many of us have lost our home, jobs, credit......the list goes on. New Veterans that have put their lives on the line fighting overseas, should have some consideration, when coming back into their civilian lives. Many of these men and women, however, are also losing jobs and homes.

Wounded veterans are being hit hardest of all. Not only are they injured, but they are unemployed and must wait for disability claims to be processed. This is leading to foreclosure for many of them, according to veterans' organizations.

While there are no hard core foreclosure facts that single out veterans and members of the armed forces, veterans' organizations report a rise in foreclosure for these men and women. The Veterans Affairs Department was recently asked by Congress to look into the effects this economy is having on our veterans, especially to look into the matter of foreclosures.

Service organizations are reporting that there has been a big jump in requests from veterans (especially wounded vets) for assistance in helping them keep their homes and pay their bills.

Recently Congress took some small steps to help the vets, not allowing lenders to foreclose on homes owned by military personnel for nine months after they return from overseas. (This up from 3 months previously). Also lenders must keep interest rates on the veterans' loans stable for a year. A bill signed into law in October prevents certain injured veterans from foreclosure while disability claims are processed, but only for a year.

[Empty Wallet]

I think this country should be taking care of all of our vets regardless of the economy or their conditions when returning home from war, and protecting us. its shameless to me that our government just brings them home and forgets about them. they should be taken care of for life. period!

[dollardaze]

I couldn't agree with you more Empty Wallet, after all these veterans put their lives on the line for this country. The least the government could do is to ensure that the vets have a way to live comfortably, in their own homes, for the rest of their lives.

[Empty Wallet]

Cheers to our men and women overseas. May the have a safe return, and i wish them all Happy Holidays.

Come home soon, you are missed